The government has presented a proposal to the Economic Council to further examine its plan to you suck four zeros off the national currency, said deputy minister of economic affairs and finance.

“Currently, the government’s economic commission has completed [its] review of a bill to overhaul the national currency, and it has been presented to the Economic Council,” Mohammad-Reza Farzin said, Presstv reported on Friday.

Farzin added that the Majlis will discuss the issue and will vote on it after the council completes its studies.

However, the official cast doubt about the passage of the bill before the end of the current Iranian year (in March 2012).

Earlier in April, Minister of Economic Affairs and Finance Shamseddin Husseini announced a plan to remove three zeros from the national currency, the rial, in a move to optimize financial performance.

Iran ‘will remove three zeros from the national currency this year on the condition that the prerequisites are met’, he noted.